Geneva House

7 Petrovka Street, Moscow

Geneva House is a Prime Class A office/retail property developed by EPH. It is located approximately 600 meters from the Kremlin, and adjacent to Berlin House. Gross Build Area is 16,500 sqm, which includes 7,900 sqm of office space, 1,900 sqm of retail space, and 127 parking spaces. Geneva House is 100% occupied. Major tenants include Chanel, Merrill Lynch, Akin Gump, and S7 Airlines.

EPH acquired a 50% stake in Geneva House in 2006, prior to the start of construction. EPH’s in-house project management team developed the property for the joint venture, and upon completion and commissioning in 2010, acquired full ownership of the property by purchasing its joint venture partner’s 50% stake. In 2011, a 90% interest in Geneva House was sold to a private real estate investment group.

As the property is considered as one of Moscow’s most prestigious business addresses and the financial performance of the property significantly increased during the recent years, the Company decided to reacquire it as long-term investment object in August 2014.